The secret life of gift cards: What happens to the billions that go unspent each year

The secret life of gift cards: What happens to the billions that go unspent each year

(AP) – Gift cards make great stocking stuffers — just as long as you don’t stuff them in a drawer and forget about them after the holidays. Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up one-third of those … Read more

Australian borrowers face ‘mortgage cliff’ with half of all fixed rates set to expire

Australian borrowers face ‘mortgage cliff’ with half of all fixed rates set to expire

Australian borrowers face falling off a “mortgage cliff” as their fixed rates expire and the Reserve Bank of Australia’s repeated hikes to the cash rate set in. Analysis by finance comparison website Canstar shows fixed rate borrowers could see their monthly repayments rise by up to 63 per cent overnight. WATCH THE VIDEO ABOVE: Sunrise … Read more

30 countries keen on partnership ties with BRICS: Russian Foreign Minister Lavrov

30 countries keen on partnership ties with BRICS: Russian Foreign Minister Lavrov

Moscow: Russian Foreign Minister Sergey Lavrov on Tuesday said that 30 countries have expressed their interest in establishing partnership ties with the BRICS grouping. Lavrov said Moscow expects a wide range of solutions to be developed ahead of the group’s next summit, set to take place in the Russian city of Kazan in October next … Read more

2024 is shaping up to be the year of the streaming bundle

2024 is shaping up to be the year of the streaming bundle

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images This year proved to be yet another tough one for pay TV, as more people cut the cable cord. But it wasn’t exactly kind to streaming … Read more

Explosions reported in Red Sea shipping lane off Yemen coast

Explosions reported in Red Sea shipping lane off Yemen coast

DUBAI: Explosions in the Red Sea off the coast of Yemen were reported on Tuesday after sightings of unmanned aircraft and missiles in two separate incidents, a British maritime authority said. Two unmanned aircraft were observed before two explosions occurred 5 nautical miles from a vessel located 50 nautical miles west of Hodeidah on Yemen’s … Read more

October home prices post biggest gain of 2023

October home prices post biggest gain of 2023

SAN ANSELMO, CALIFORNIA – NOVEMBER 30: A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin … Read more

The secret life of gift cards: Here's what happens to the billions that go unspent each year

The secret life of gift cards: Here's what happens to the billions that go unspent each year

Gift cards make great stocking stuffers — just as long as you don’t stuff them in a drawer and forget about them after the holidays. Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up one-third … Read more

Warning to Aussies building recession ‘war chests’ as banks offer tempting savings rates

Warning to Aussies building recession ‘war chests’ as banks offer tempting savings rates

Interest rates on some Australian savings accounts could soon surpass six per cent, but one financial expert has issued a warning to savers weighing up a tempting switch. A dozen banks are currently offering customers savings rates above 5 per cent and there are forecasts savings rates could hit 6 per cent in the coming … Read more

India, Oman free trade agreement likely to be inked next month: Official

India, Oman free trade agreement likely to be inked next month: Official

New Delhi, The negotiations for the proposed free trade agreement (FTA) between India and Oman are moving at a fast pace and the pact is likely to be signed next month, a senior government official said. Officials of the two countries concluded the second round of talks for the pact, officially dubbed as Comprehensive Economic … Read more